Financial and Security Market
2 solved SSC CGL Economy previous year questions on Financial and Security Market, each with the correct answer and a full explanation.
Q1
Which of the following organisations of the Government of India has been reporting the GDP at factor cost and at market prices?
✓ Correct answer: c) Central Statistics Office
ExplanationThe market prices have been reported by the Central Statistics Office (CSO) of the Government of India.In 2015, CSO abandoned the method of calculating GDP based on factor costs and switched to using the worldwide standard of computing GDP based on market prices together with the Gross Value Added (GVA) measure in order to more accurately estimate economic activity.Hence the correct answer is Option C: Central Statistics Office.
Q2
Which of the following is NOT a method of measuring national income?
✓ Correct answer: a) Intermediate goods method
ExplanationThe intermediate goods method is not a method of measuring national income.National income is the total value of goods and services produced in a country in a given year.Intermediate goods are goods and services that are used to produce other goods and services.They are not counted in national income because they are not final goods and services that are available for consumption or investment.Hence the correct answer is "A):Intermediate goods method."
Practice more SSC CGL Economy PYQs
Browse every Economy chapter, or explore the full SSC CGL question bank.
📈 All Economy chapters →